EP572: Making Profit A Habit

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If you re looking to implement a system that can get 7 figures into your bank account this episode is going to blow your mind Listen in as David Richter shares everything you need to know about the Profit First system including to whom this method is for and an exercise that will help you save up thousands of dollars in expenses KEY TAKEAWAYS The biggest mistakes people make with their business The right formula to calculate your profits Percentage of your income you should transfer to your profits An exercise to make your transactions and team more efficient Why you need to turn your profits into a habit in your business RESOURCES LINKS MENTIONED Profit first by David Richter Rich dad poor dad by Robert T Kiyosaki The richest man in Babylon by George S Clason ABOUT DAVID RICHTER David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale turnkey BRRRR owner finance rentals lease options and any other exit strategy you can think of While growing and building a real estate business from 5 deals a month to over 25 deals a month he realized that as much money was coming in it was going right out With the unique opportunity of being in every seat as a real estate investor he found a calling to the company s finance seat to help them see where their money was really going David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions LLC He is the author of Profit First for Real Estate Investing CONNECT WITH DAVID Website www simplecfosolutions com Facebook Simple CFO Solutions LinkedIn Simple CFO Solutions TWEETABLES When you implement a system into your business it has to work for you not the other way around – Alex Pardo The ultimate goal is to have control over your money and make profit a habit – David Richter ASCEND Don t Wait To Enjoy Your Life Tomorrow Live It Today How To Grow Your Business Expand Your Impact and Experience Your Perfect Life LISTEN SUBSCRIBE TO THE FLIP EMPIRE SHOW PODCAST on Apple Podcasts https www flipempire com podcast SUBSCRIBE TO ALEX PARDO S YOUTUBE CHANNEL NOW https www youtube com alexpardo How To Grow Your Business Expand Your Impact and Experience Your Perfect Life Don t Wait To Enjoy Your Life Tomorrow Live It Today https www AscendYourSuccess com FOLLOW ALEX ON INSTAGRAM http instagram com alexpardo25 FACEBOOK https www facebook com alexpardo15 LINKEDIN https www linkedin com in alex-pardo YOUTUBE https www youtube com alexpardo ASK ALEX A QUESTION Have a question you want to feature in an upcoming Flip Empire Show Head over to the Ask Alex page and record your question We ve made it super easy for you so let us know what challenges you are having and Alex will answer it personally SPONSOR Visit http leftmainrei com flipempire to schedule your free demo and see the most powerful CRM system built for real estate investors BY real estate investors Click here to visit this podcast episode